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Accounts receivable transactions are provided below for Crane Co. Dec. 31, 2020 Mar. 5, 2021 The company estimated that 5% of its accounts receivable would

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Accounts receivable transactions are provided below for Crane Co. Dec. 31, 2020 Mar. 5, 2021 The company estimated that 5% of its accounts receivable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubtful Accounts were $652.000 and $2,500 (debit), respectively. The company determined that R. Mirza's $3,300 account and D. Wight's $6,900 account were uncollectible. The company's accounts receivable were $690.600 before the accounts were written off Wight paid the amount that had been written off on March 5. The company's accounts receivable were $641.800 prior to recording the cash receipt for Wight! June 6.2021 Prepare the journal entries on December 31, 2020. March 5, 2021, and June 6, 2021. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Bad Debts Expense Allowance for Doubtful Accounts (To record estimate of uncollectible accounts.) Mat. 5. 2021 Allowance for Doubtful Accounts Accounts Receivable.Mirza (To record write off of accounts receivable Mars 2023 Allowance for Dousthur Accounts Account Revale Torecord write off of accountable June 6, 2021 Accounts Receivable-Wight Allowance for Doubtful Accounts (To reverse write off.) June 6, 2021 Cash Accounts Receivable. Wicht (Collection of account that was previously written off - / 18 Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec 31, Balance unadjusted Debit 2020 Dec. 31. AJE 2020 Mar 5. Write off Mirza 2021 Mar. 5. Write off Wight 2021 June 6. Reverse write off 2021 Calculate the carrying amount of the accounts receivable both before and after recording the cash receipt from Wight on June 6, 2021 Carrying amount before recovery Carrying amount after recovery

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